We consider Apple very steady. Apple secures Sharpe Ratio (or Efficiency) of 0.0835 which signifies that the organization had 0.0835% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Apple which you can use to evaluate future volatility of the firm. Please confirm Apple Mean Deviation of 1.24, Downside Deviation of 1.73 and Risk Adjusted Performance of 0.0941 to double-check if risk estimate we provide are consistent with the epected return of 0.1406%.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Responds to market
|Horizon||30 Days Login to change|
Apple Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Apple will likely underperform. 3 Months Beta |Analyze Apple Demand TrendCheck current 30 days Apple correlation with market (DOW)|
β = 1.415
Apple Central Daily Price Deviation
Apple Technical Analysis
Apple Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.415 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Apple will likely underperform. Moreover, The company has an alpha of 0.1282 implying that it can potentially generate 0.1282% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Given the investment horizon of 30 days, the coefficient of variation of Apple is 1197.66. The daily returns are destributed with a variance of 2.84 and standard deviation of 1.68. The mean deviation of Apple is currently at 1.28. For similar time horizon, the selected benchmark (DOW) has volatility of 0.9
|Alpha over DOW||=||0.13|
|Beta against DOW||=||1.42|
Apple Return Volatilitythe business inherits 1.6839% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.9048% risk (volatility on return distribution) over the 30 days horizon.
Apple Investment Opportunity
Apple has a volatility of 1.68 and is 1.87 times more volatile than DOW. 15% of all equities and portfolios are less risky than Apple. Compared to the overall equity markets, volatility of historical daily returns of Apple is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use Apple to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Apple to be traded at $208.07 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Apple will likely underperform.
Apple correlation with market
Apple Current Risk Indicators
|Risk Adjusted Performance||0.0941|
|Market Risk Adjusted Performance||0.1191|
|Coefficient Of Variation||1003.35|
Apple Suggested Diversification Pairs
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